The New Merger Control Regulations in India

July 2011

Abstract

From June 1, 2011, the Competition Commission of India (CCI) will have the power to intervene in all major mergers and acquisitions in the country. It has become mandatory for the corporate to notify transactions to obtain clearance from the CCI prior to closing the deal. The (Indian) Competition Act, 2002 (‘Act’) was enacted in January 2003 but its implementation was delayed due to legal challenges followed by the process of amendments to the Act. The Act’s provisions against anti-competitive agreements and abuse of dominance were implemented with effect from May 20, 2009, but commencement of the merger regulation had been put off to a later date.

Author

Satish Kumar

Global Head Legal and Chief Data Protection Officer, Ramco Systems, India

K Satish Kumar, is currently the Global Head Legal and Chief Data Protection Officer of Ramco Systems and a Keynote Speaker and Author. He has received many awards few being the coveted “Legal Counsel of the Year -2018” by INBA, and is also featured in “GC PowerList India 2018” by Legal 500. He is actively involved in many pro bono activities through Chennai Lawyers. He has worked in some of the named and famed corporates like, HCL Technologies, Polaris (now Intellect Design Arena), Chemoil Corporation etc. He is a Keynote speaker and is most sought after speaker on legal topics across the globe

Company

Ramco Systems

Ramco Systems based on its extensive product development experience abstracted the entire software development process into a Model Based Software Development methodology. Ramco VirtualWorks® (our PaaS platform) implements this development methodology supported by a comprehensive Software Meta model that captures all the data that is required to generate and deliver solutions in multiple technology platforms. These innovations have resulted in the generation of over 2.2 Billion lines of code across multiple technology platforms. The generated solution is fully multi-tenanted and is agnostic of any infrastructure cloud provider. While the industry is talking about service orienting existing legacy solutions by ‘wrapping’ them around, SOA is the core design principle across the Ramco VirtualWorks® Platform.

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